10/02/2007 11:00PM

Co-owners settle over Lawyer Ron

EmailThe co-owners of Lawyer Ron, winner of this year's Whitney Handicap and Woodward Stakes, have reached a settlement on the management of the 4-year-old horse that leaves control of the horse's racing career in the hands of Ron Bamberger, the executor of the estate of the late James T. Hines.

Bamberger said that terms of the settlement with Audrey Haisfield's Stonewall Farm were confidential, but that neither side has any outstanding issues involving the horse. Bamberger brokered a deal to sell 80 percent of Lawyer Ron to Stonewall for $3.5 million just before the horse's 12th-place finish in the Kentucky Derby last year. The contract also contains a clause that gives the Hines estate an additional $750,000 for each Grade 1 race Lawyer Ron wins. In 2007, Lawyer Ron has won two Grade 1 races.

Bamberger said that it was his intention to race the colt at least through the Breeders' Cup Classic on Oct. 27, and that the horse may race in 2008.

Earlier this year, Stonewall sued Bamberger for continuing to race Lawyer Ron in 2007, claiming that it was a breach of fiduciary duty. Bamberger responded with a suit alleging that Stonewall had not contributed to Lawyer Ron's training costs and had failed to pay the first $750,000 bonus.

John Hamilton, the attorney for Stonewall Farm, would not disclose details of the settlement, but said Stonewall was hoping Lawyer Ron would be retired at the end of this year.

"The purpose of the purchase was to retire the horse to stud," Hamilton said.